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Two-Level Retail Space
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1624 LOCUST STREET, Philadelphia, PA 19103

CMX-3 zoning, rear loading, and a broad floor plate support a range of commercial configurations.

Property Size11,400 SF
Days on Market9

Property Features for 1624 LOCUST STREET

General Information

Standard status Active
Size 11,400 SF
Property subtype Commercial
Zoning CMX-3

Additional Details

Floor Ground, Lower Level
Frontage 58 ft

Building Details

Year Built 1940
Listing Agency: Mallin Panchelli Nadel Realty Inc
Listed By: Veronica Gintel Blum · License #RS290724
Source: Cummingsrealtors
Added: Oct 7 Changed: Oct 15 Last Checked: Oct 15 at 2:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mallin Panchelli Nadel Realty Inc

Investment Insights

Based on property information with market context.

This two-floor retail space contains 11,400 SF, with approximately 5,400 SF on the first floor and 6,000 SF on the lower level. A wide footprint allows for multiple layouts, and ceiling heights reach 12 feet, with double-height areas. The space was previously used for creative coworking and includes rear loading and trash access. CMX-3 zoning applies. Five additional floors above are also available under new ownership.

The property has 58 feet of frontage on Locust Street and sits one block from Rittenhouse Square. SEPTA’s Broad Street Line, PATCO, and Suburban Station are nearby. The surrounding area includes office and residential consumers.

Key Highlights

  • 11,400 SF across two floors: approximately 5,400 SF on the first floor and 6,000 SF on the lower level
  • 58' of frontage on Locust Street
  • Ceiling heights reach 12', with double‑height areas

Property Analytics

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Current Use

Jason Cohen Group Real Estate Agency Eden Heilman - Philadelphia ... Real Estate Agency Katherine Bonnin, Realtor Real Estate Agency Manny Adames, Compass ... Real Estate Agency Elon Rembert, Compass ... Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Veterinary Clinic Pet Grooming Service Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

21,096
Businesses Nearby
257k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 37% Apparel 27% Shops & Services 16% Hotels & Casinos 15%
The Ritz-Carlton, Philadelphia Hotels & Casinos
30,824 visits/mo 0.4 miles
Starbucks Dining
22,463 visits/mo 0.2 miles
UNIQLO Apparel
20,066 visits/mo 0.2 miles
Ocean Prime Dining
15,550 visits/mo 0.2 miles
Urban Outfitters Apparel
15,117 visits/mo 0.2 miles

Demographics for 19103, PA

28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019
8.2% 2020
7.8% 2021
6.6% 2022
6.2% 2023
5.5% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - CMX-3 zoning, rear loading, and a broad floor plate support a range of commercial configurations.
Where is this retail space located?
The property is located at 1624 LOCUST STREET Philadelphia, PA.
What are key features of this property?
This property features: 11,400 SF across two floors: approximately 5,400 SF on the first floor and 6,000 SF on the lower level; 58' of frontage on Locust Street; Ceiling heights reach 12', with double‑height areas
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